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UNITED STATES OMB APPROVAL
SECURITIES AND EXCHANGE COMMISSION -----------------------------
Washington, D.C. 20549 OMB Number: 3235-0058
Expires: June 30, 1997
Estimated average burden
FORM 12b-25 hours per response ..... 2.50
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NOTIFICATION OF LATE FILING SEC FILE NUMBER
0-41485
(Check One): -----------------------------
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|X | Form 10-K and Form 10-KSB |_| Form 20-F |_| Form 11-K | | Form 10-Q and Form 10-QSB CUSIP NUMBER
|_| Form N-SAR 004304 20 0
For Period Ended: July 31, 2000 -----------------------------
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[ ] Transition Report on Form 10-K
[ ] Transition Report on Form 20-F
[ ] Transition Report on Form 11-K
[ ] Transition Report on Form 10-Q
[ ] Transition Report on Form N-SAR
For the Transition Period Ended: Not Applicable
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Read Attached Instruction Sheet Before Preparing Form. Please Print or Type.
Nothing in this form shall be construed to imply that the Commission
has verified any information contained herein.
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If the notification relates to a portion of the filing checked above, identify
the Item(s) to which the notification relates:
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PART I -- REGISTRANT INFORMATION
ACCELR8 TECHNOLOGY CORPORATION
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Full Name of Registrant
Not Applicable
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Former Name if Applicable
303 East 17th Avenue, Suite 108
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Address of Principal Executive Office (Street and Number)
Denver, CO 80203
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City, State and Zip Code
PART II -- RULES 12b-25(b) AND (c)
If the subject report could not be filed without unreasonable effort or expense
and the registrant seeks relief pursuant to Rule 12b-25(b), the following should
be completed. (Check box if appropriate)
(a) The reasons described in reasonable detail in Part III of this
form could not be eliminated without unreasonable effort or
expense;
[X] (b) The subject annual report, semi-annual report, transition report
on Form 10-K, Form 10-KSB, Form 20-F, Form 11-K or Form N-SAR,
or portion thereof, will be filed on or before the fifteenth
calendar day following the prescribed due date; or the subject
quarterly report of transition report on Form 10-Q or Form
10-QSB, or portion thereof will be filed on or before the fifth
calendar day following the prescribed due date; and
(c) The accountant's statement or other exhibit required by Rule
12b-25(c) has been attached if applicable.
PART III -- NARRATIVE
State below in reasonable detail the reasons why Forms 10-K and 10-KSB, 20-F,
11-K, 10-Q and 10-QSB, N-SAR, or the transition report or portion thereof, could
not be filed within the prescribed period.
The Registrant is unable to file its Annual Report on Form 10-KSB for the fiscal
year ended July 31, 2000, within the prescribed period because the Registrant's
attorneys have been unable to complete the work necessary to file the Form
10-KSB
(Attach Extra Sheets if Needed)
SEC 1344 (6/94)
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PART IV--OTHER INFORMATION
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(1) Name and telephone number of person to contact in regard to this notification
Henry F. Schlueter, Esq (303) 292-3883
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(Name) (Area Code) (Telephone Number)
(2) Have all other periodic reports required under Section 13 or 15(d) of the Securities Exchange Act of
1934 or Section 30 of the Investment Company Act of 1940 during the preceding 12 months or for such
shorter period that the registrant was required to file such report(s) been filed? If answer is no,
identify report(s). [X] Yes [_] No
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(3) Is it anticipated that any significant change in results of operations from the corresponding period
for the last fiscal year will be reflected by the earnings statements to be included in the subject
report or portion thereof? [X] Yes [ ] No
If so, attach an explanation of the anticipated change, both narratively
and quantitatively, and, if appropriate, state the reasons why a reasonable
estimate of the results cannot be made.
The Registrant incurred a net loss for the fiscal year ended July 31, 2000
of $922,536 or $12 per share (basic and diluted) which included a tax
benefit of $533,462 versus a net income of $70,432 or $.01 per share (basic
and diluted) which included a tax benefit of $31,380 for the previous
fiscal year ended July 31, 1999. Total revenues were $1,567,389 for the
fiscal year ended July 31, 2000 versus $2,897,984 for the fiscal year ended
July 31, 1999. Net loss per share for the fourth quarter ended July 31,
2000 was $135,763 or $.02 per share (basic and diluted) which included a
tax benefit of $256,098 on total quarterly revenue of $342,192.
Included in the net loss of $922,536 for the current year is a non-cash
charge for amortization of capitalized software development costs amounting
to $822,276 of which $622,737 pertains to tools originally developed for
Year 2000 solutions. Cash at July 31, 2000 was $10,359,581, an increase of
$102,406 from July 31, 1999.
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ACCELR8 TECHNOLOGY CORPORATION
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(Name of Registrant as Specified in Charter)
has caused this notification to be signed on its behalf by the undersigned hereunto duly authorized.
Date: October 30, 2000 By: /s/ Thomas V. Geimer
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Thomas V. Geimer, Chief Executive Officer
INSTRUCTION: The form may be signed by an executive officer of the registrant or
by any other duly authorized representative. The name and title of the person
signing the form shall be typed or printed beneath the signature. If the
statement is signed on behalf of the registrant by an authorized representative
(other than an executive officer), evidence of the representative's authority to
sign on behalf of the registrant shall be filed with the form.
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Intentional misstatements or omissions of fact constitute Federal
Criminal Violations (See 18 U.S.C. 1001).
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